NVR, Inc. $NVR Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lowered its position in shares of NVR, Inc. (NYSE:NVR) by 9.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,741 shares of the construction company’s stock after selling 185 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in NVR were worth $13,988,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Boston Partners increased its holdings in shares of NVR by 9.9% in the 2nd quarter. Boston Partners now owns 64,952 shares of the construction company’s stock valued at $479,900,000 after acquiring an additional 5,875 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in NVR by 4.0% in the third quarter. Principal Financial Group Inc. now owns 60,307 shares of the construction company’s stock worth $484,546,000 after purchasing an additional 2,331 shares during the period. JPMorgan Chase & Co. increased its stake in NVR by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 43,318 shares of the construction company’s stock valued at $348,051,000 after purchasing an additional 1,718 shares during the last quarter. Invesco Ltd. raised its holdings in shares of NVR by 7.5% during the second quarter. Invesco Ltd. now owns 37,668 shares of the construction company’s stock worth $278,203,000 after purchasing an additional 2,629 shares during the period. Finally, Norges Bank bought a new position in shares of NVR in the 2nd quarter worth about $268,447,000. Institutional investors own 83.67% of the company’s stock.

Insider Activity

In other NVR news, Director Susan Williamson Ross sold 200 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $7,922.06, for a total transaction of $1,584,412.00. Following the transaction, the director owned 386 shares of the company’s stock, valued at approximately $3,057,915.16. This trade represents a 34.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Matthew B. Kelpy sold 500 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,050,000.00. Following the sale, the chief accounting officer owned 208 shares in the company, valued at $1,684,800. This trade represents a 70.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,120 shares of company stock valued at $9,012,736 in the last ninety days. Corporate insiders own 7.00% of the company’s stock.

NVR Stock Performance

Shares of NYSE NVR opened at $7,519.87 on Thursday. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $8,618.28. The company has a current ratio of 6.21, a quick ratio of 3.71 and a debt-to-equity ratio of 0.24. The company has a market cap of $20.98 billion, a PE ratio of 17.20, a P/E/G ratio of 2.49 and a beta of 1.03. The stock has a 50 day simple moving average of $7,575.18 and a 200-day simple moving average of $7,707.22.

NVR (NYSE:NVR) last announced its earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share for the quarter, beating the consensus estimate of $105.42 by $16.12. NVR had a return on equity of 34.28% and a net margin of 13.27%.The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the previous year, the business earned $139.93 EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. On average, equities research analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its board has approved a share buyback program on Wednesday, February 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 3.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NVR shares. BTIG Research began coverage on shares of NVR in a research report on Monday, December 1st. They set a “buy” rating and a $9,022.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. Zelman & Associates upgraded NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price objective for the company in a research report on Thursday, January 29th. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, UBS Group set a $8,100.00 target price on NVR in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $8,279.40.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.